More big selling today and there are buyers for them which is encouraging. As soon as the gun is empty GWR will run hard, but what concerns me, is the gun being reloaded, re GWR shares given to Gianni and Rudd for Tenement acquisitions by FAS.
Surely those guys know the value of GWR and would not want to sell them.
FAS:GWR 10:1 on average.
FAS securing Iron ore ground close to infrastructure. GWR claiming in their report that they are on the lookout for projects that will complement the Wiluna Project.
Possible merger or takeover maybe.
Portman would go for it IMO if FAS could show the potential of their close to infrastructure ground. So would Valin if they could get a bigger stake in the 2 companies. Is the ultimate end game near. I hope so, so we can make some money.
No other reason could explain why on earth you would sell shares at these low prices just before a resource upgrade IMO.
GWR Price at posting:
35.8¢ Sentiment: LT Buy Disclosure: Held
